The Italian engineering group MAIRE recently announced that its subsidiary Tecnimont S.p.A. has secured an engineering, procurement, and construction (EPC) contract worth approximately $1.3 billion for a large-scale petrochemical project. This contract requires Tecnimont to be responsible for the overall construction of a hydrocarbon plant, including engineering design and equipment procurement, while also developing supporting utilities and off-site facilities to support the plant's daily operations.
According to the plan, the project is expected to be completed by 2031. As the main contractor, Tecnimont will integrate relevant resources to ensure the project progresses through the design, procurement, and construction phases. The construction of the hydrocarbon plant involves complex process technologies, placing high demands on engineering execution capabilities. Tecnimont will leverage its experience in the industrial project sector to undertake the project delivery tasks.
The MAIRE Group stated that this contract will help consolidate its market position in the global petrochemical industry and demonstrate Tecnimont's professional capabilities in executing complex industrial projects. The signing of the contract is seen as a sign of the group's continued growth in the energy and petrochemical sectors, reflecting its competitive advantages in delivering large-scale projects.
Tecnimont S.p.A. is MAIRE's engineering and construction subsidiary, which has long been involved in energy, petrochemical, and infrastructure projects worldwide. Through this contract, the company will further expand its business layout in the hydrocarbon processing field and accumulate execution experience for subsequent projects.
The MAIRE Group did not disclose the specific location of the project or client information but stated that the project aligns with the company's strategic development direction and will help increase its market share in the global engineering contracting market. As the project enters the execution phase, Tecnimont will initiate preliminary design work and coordinate equipment procurement with relevant suppliers.
